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Lol.... Did that too with Citibank. I thought our government with all its scholars analyzing and decided to buy Citibank at 27 dollars (pre-consolidation) I waited till 25.5 before I buy. Thinking our government will do no wrong.
Die till now!
Henry$$$ ( Date: 01-Aug-2013 15:33) Posted:
| TP> 1.2++. Since its major share holder is Italian Gov and their country need money, so this company certainly will payout high dividend. If we trust Italian government is more smart than us, then we should buy it as the price is much lower than their offer price. |
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TP> 1.2++. Since its major share holder is Italian Gov and their country need money, so this company certainly will payout high dividend. If we trust Italian government is more smart than us, then we should buy it as the price is much lower than their offer price.
Think shortist no time for us, they busy with gar...now we just need a contract as catalyst to visit 0.9
Sailing sailing home
Sailing sailing home
Morning drop is just a pullback...resuming project north!
0.90 can be seen. Good luck!
Hawk scare me!
WanSiTong ( Date: 01-Aug-2013 12:01) Posted:
Old news!
Hawkeye ( Date: 01-Aug-2013 11:43) Posted:
Vard falls into the red
Offshore shipbuilder Vard has reported a loss of NOK44m ($7.2m) in the second quarter 2013, down from a profit of NOK278m in the same period last year.
The first half earnings stood at NOK136m, a 75% drop on 2012's NOK548m. Cashflow has also tumbled in the first half from NOK1bn in 2012 to a negative NOK277m in 2013. Cash and cash equivalents have fallen to NOK2bn on 30 June this year, down from NOK3.3bn on the same date in 2012.
Second quarter revenues at Vard have fallen 11.7% year on year to NOK2.9bn, EBITDA was also down 73% to NOK121m for the quarter from NOK460m in Q2 2012.
While the second quarter saw the delivery of eight vessels, contracts were secured for just three, with no orders signed for the group's Brazilian and Vietnamese yards. The group's orderbook stands at 41 vessels as at 30 June 2013, with a total value of NOK13bn.
Vard's Brazilian yard, Vard Niterói, continues to suffer from high personnel turnover, delays, budget overruns and a dependency on outsourced hull construction. The company expects that the overload situation at the yard will be reduced from the fourth quarter of this year as a result of mitigating actions currently underway.
Vard Promar, the group's other Brazilian yard, has commenced operations on schedule, cutting its first steel in June 2013. Construction of the yard is expected to be completed in the third quarter of this year.
The problems in Brazil are isolated from the rest of the group, with Romania enjoying a high workload and Norway delivering several projects. Utilisation at Vietnam is suffering however, as the yard recently delivered the penultimate vessel in its orderbook.
Looking foward the company is upbeat about new contract potential for the second half of the year, expecting fewer orders for higher value vessels. A focus will be put on securing new orders for the Vietnam yard, as well as managing the high workload in Romania.
© Copyright 2013 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited.
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come back after lunch
Old news!
Hawkeye ( Date: 01-Aug-2013 11:43) Posted:
Vard falls into the red
Offshore shipbuilder Vard has reported a loss of NOK44m ($7.2m) in the second quarter 2013, down from a profit of NOK278m in the same period last year.
The first half earnings stood at NOK136m, a 75% drop on 2012's NOK548m. Cashflow has also tumbled in the first half from NOK1bn in 2012 to a negative NOK277m in 2013. Cash and cash equivalents have fallen to NOK2bn on 30 June this year, down from NOK3.3bn on the same date in 2012.
Second quarter revenues at Vard have fallen 11.7% year on year to NOK2.9bn, EBITDA was also down 73% to NOK121m for the quarter from NOK460m in Q2 2012.
While the second quarter saw the delivery of eight vessels, contracts were secured for just three, with no orders signed for the group's Brazilian and Vietnamese yards. The group's orderbook stands at 41 vessels as at 30 June 2013, with a total value of NOK13bn.
Vard's Brazilian yard, Vard Niterói, continues to suffer from high personnel turnover, delays, budget overruns and a dependency on outsourced hull construction. The company expects that the overload situation at the yard will be reduced from the fourth quarter of this year as a result of mitigating actions currently underway.
Vard Promar, the group's other Brazilian yard, has commenced operations on schedule, cutting its first steel in June 2013. Construction of the yard is expected to be completed in the third quarter of this year.
The problems in Brazil are isolated from the rest of the group, with Romania enjoying a high workload and Norway delivering several projects. Utilisation at Vietnam is suffering however, as the yard recently delivered the penultimate vessel in its orderbook.
Looking foward the company is upbeat about new contract potential for the second half of the year, expecting fewer orders for higher value vessels. A focus will be put on securing new orders for the Vietnam yard, as well as managing the high workload in Romania.
© Copyright 2013 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited.
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Your one old news!
WanSiTong ( Date: 24-Jul-2013 09:36) Posted:
July 23, 2013
Fincantieri Triples First Half 2013 Operating Results
Strong Growth Thanks to Acquisition of VARD
By MarEx
The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013:
On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry.
The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013.
heavenknow ( Date: 24-Jul-2013 00:09) Posted:
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This is the latest news! your one is ols news which posted on 2 or 11 of July.
WanSiTong ( Date: 24-Jul-2013 09:38) Posted:
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The Board of Directors of Fincantieri met today, July 23, 2013 to examine the Group's performance in the first half of 2013:
On 23 January, Fincantieri completed the acquisition of a controlling interest (50.75%) in STX OSV (now renamed Vard), and raised its stake to 55.63% after the completion of the mandatory tender offer made under the rules of the Singapore Stock Exchange. Vard is the world leader in the construction of support vessels for oil and gas extraction and production. The acquisition is part of the strategy to diversify and internationalize the Group’s operations toward businesses and geographical areas with higher growth and profitability prospects. This acquisition doubles the Group's size to some euro 4 billion in annual revenues and approximately 20,000 employees, in 21 shipyards located in 3 different continents, and allows the Group to positionitself as leader in all the high value-added and high-potential segments of the shipbuilding industry.
The first half of 2013 reports an EBIT of euro 101 million (euro 34 million at 30.06.2012), an EBITDA of euro 137 million (euro 68 million at 30.06.2012) and revenues of euro 1,934 million (euro 1,233 million at 30.06.2012). These positive operating results have been obtained in a market environment that remains challenging despite some initial signs of recovery, and have benefited from the first-time consolidation of the Vard group effective from 23 January 2013. |
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Vard falls into the red
Offshore shipbuilder Vard has reported a loss of NOK44m ($7.2m) in the second quarter 2013, down from a profit of NOK278m in the same period last year.
The first half earnings stood at NOK136m, a 75% drop on 2012's NOK548m. Cashflow has also tumbled in the first half from NOK1bn in 2012 to a negative NOK277m in 2013. Cash and cash equivalents have fallen to NOK2bn on 30 June this year, down from NOK3.3bn on the same date in 2012.
Second quarter revenues at Vard have fallen 11.7% year on year to NOK2.9bn, EBITDA was also down 73% to NOK121m for the quarter from NOK460m in Q2 2012.
While the second quarter saw the delivery of eight vessels, contracts were secured for just three, with no orders signed for the group's Brazilian and Vietnamese yards. The group's orderbook stands at 41 vessels as at 30 June 2013, with a total value of NOK13bn.
Vard's Brazilian yard, Vard Niterói, continues to suffer from high personnel turnover, delays, budget overruns and a dependency on outsourced hull construction. The company expects that the overload situation at the yard will be reduced from the fourth quarter of this year as a result of mitigating actions currently underway.
Vard Promar, the group's other Brazilian yard, has commenced operations on schedule, cutting its first steel in June 2013. Construction of the yard is expected to be completed in the third quarter of this year.
The problems in Brazil are isolated from the rest of the group, with Romania enjoying a high workload and Norway delivering several projects. Utilisation at Vietnam is suffering however, as the yard recently delivered the penultimate vessel in its orderbook.
Looking foward the company is upbeat about new contract potential for the second half of the year, expecting fewer orders for higher value vessels. A focus will be put on securing new orders for the Vietnam yard, as well as managing the high workload in Romania.
© Copyright 2013 Seatrade Communications Limited. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Communications Limited.
Last:
0.825 Vol:
1147k -
just like to say this..
do ur research.. sieve out the good fundamental stocks that are cheap..
vard is hit by bad sentiments, but they are leaders in their industry.. definitely price will rebound
just like olam got hit by muddy waters..price dropped drastically.. but look where it is now, back up
again
gd luck dyodd
iluvboost ( Date: 25-Jul-2013 12:31) Posted:
i agree. based on technical indicators, the risk to reward ratio is good. (provided no sudden bad world news)
entered today at 80, SL 78 , TP ~90-100 .
fifo disclaimer
ozone2002 ( Date: 25-Jul-2013 09:51) Posted:
Last:0.8 Vol:6197k  +0.015
i smell reversal coming..
gd luck dyodd |
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Thanks Peter_Pan, I will try abit ...
Peter_Pan ( Date: 31-Jul-2013 17:14) Posted:
I think 0.90 is a given. Of course my target is 1.00 but must break resistance first then stand a chance.
smltimer ( Date: 31-Jul-2013 17:08) Posted:
Peter_Pan, can share your target? 
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